Hey guys! I am opening up my own place near St. Louis and was wondering what you all thought about how much I should rent space to trainers for. It's 1200 sq ft but is nice and open. Plenty of space for myself and someone else. How much would you pay to have a place to train your clients there? The equipment will be top notch and the space is in a very good location. I was thinking $1000/month would be reasonable. Say you charge $60/session and can do 5 a day, 5 days a week, for 1 month. That's $6000 a month minus the $1000. $5k in your pocket is not bad! What you think??? Thanks!
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10-24-2017, 09:45 PM #1Registered User
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How much would you pay for rent at a gym?
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10-25-2017, 06:25 AM #2Mr. Humble
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Sounds good but think about it... you barely make that yourself or you wouldn't be considering cramming up the place. So, if someone was making $6,000 a month, why would they need to pay you $1,000? They would just get their own place, take a hit financially and gain security and control.
You need to create value. In all industries the market dictates value. In our industry, the market has established $250-$500 a month as the value of renting a place (in the U.S.)To succeed at doing what you love, you often must do many things you hate.
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10-26-2017, 06:45 AM #3Registered User
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Thanks for your reply!
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10-26-2017, 07:01 AM #4Registered User
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Location, location, location.Originally Posted by benzenmountain
Think about that.
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10-26-2017, 08:46 AM #5Registered User
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Yeah, the place I would be opening is in a pretty damn good location. On a main road and in a waelthy area. The main place In town where independent trainers can rent is hard to get to, in a hospital, and is not in nearly as wealthy of an area. Trainers there pay the place per session, and If you do the math, trainers there pay anywhere from around $500-800. Do you feel like someone would pay an extra few hundred to train in a much more private setting in a better location? That's what I'm thinking. Thanks!
QUOTE=CSCSKidd;1523915941]Location, location, location.
Think about that.[/QUOTE]
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10-26-2017, 08:48 AM #6Registered User
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I totally understand what you are saying. However, place I would be opening is in a pretty damn good location. On a main road and in a wealthy area. The main place In town where independent trainers can rent is hard to get to, in a hospital, and is not in nearly as wealthy of an area. Also, in my place there would only be 2 trainers at a time rather than like 5 or so. Trainers there pay the place per session, and If you do the math, trainers there pay anywhere from around $500-800. Do you feel like someone would pay an extra few hundred to train in a much more private setting in a better location? That's what I'm thinking.
QUOTE=CSCSKidd;1523915941]Location, location, location.
Think about that.[/QUOTE]
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